Don’t Eat the Bear in One Bite: Planning Your Future in Steps
Just like you don’t need to eat the bear in one bite, you don’t need to have a fully fleshed-out plan in order to have a successful future as a retired body shop owner.
Know Your Auto Body Shop’s Breakeven Point, Part 3
How do you calculate gross profit percentage?
Know Your Auto Body Shop’s Breakeven Point, Part 2
Fixed costs, variable costs … why do these matter to figure out your breakeven point?
Know Your Auto Body Shop’s Breakeven Point, Part 1
Why is it important to know exactly where your shop stands financially?
Rachel James Rebrands Practice to Torque Financial Group
James will still be offering Northwestern Mutual products, but just doubling down on serving blue-collar markets.
It’s Time to Talk About Money with Young Body Techs
It’s time that we as leaders start to educate our young technicians on how to manage, grow and save money.
Boosting the Value of Your Body Shop, Part 2
What are value drivers and how can they increase the value of your shop?
Planning a Buyout of Your Auto Body Shop
You’re looking to retire and your partner wants to buy you out.
What is the first step in this planning process?
Creating a P&L Statement, Part 2
What does cost of goods sold mean as it relates to a profit and loss statement?
Creating a P&L Statement, Part 1
Why is it important to create a clean profit and loss statement for your body shop?
Setting Up a P&L Statement for Your Auto Body Shop
Setting up a profit and loss statement for a body shop may seem cumbersome, but once you understand a few key strategies, it allows management to focus on running the business.
Auto Body Profit: The Squeeze is On
With the ever-changing collision business and inflationary increases, it is more important than ever for you to understand what drives profitability.
